Condor Petroleum Inc. has declared that its Taskuduk West 4 (TasW-4) well has reached a total depth of 1329 meters. The TasW-4 well is located on the 2,610 sq. km Zharkamys West 1 contract territory, situated in Kazakhstan's Pre-Caspian basin.

TasW-4 encountered 19 meters of net oil pay within two Triassic intervals. The lower interval, which contains 13 meters of net oil pay, has not been encountered in previous Taskuduk wells. This interval was identified using Condor's 3D seismic attribute and pre-stack analysis. Based on formation pressure data, the oil gravity is estimated to be 35 degrees API.

Production casing has been run and cemented at TasW-4 and the well is scheduled to be flow-tested once regulatory approvals are obtained. TasW-4 is the eighth well drilled in 2011 and represents the fifth successful oil well. The next prospect in the drilling queue is Uitas-6, another shallow Triassic structure.

Tags: Condor Resources Inc